Business
DLP Resources Announces Proposed Shares for Services Transaction
Cranbrook, British Columbia--(Newsfile Corp. - November 26, 2021) - DLP Resources Inc. (TSX...
About this update from Dlp Resources, Inc.
[{"type":"text","content":"DLP Resources Announces Proposed Shares for Services TransactionCranbrook, British Columbia--(Newsfile Corp. - November 26, 2021) - DLP Resources Inc. (TSXV: DLP) (OTCQB: DLPRF) (the \"Company\") is pleased to announce the Company has entered into an agreement for services dated November 25, 2021 (the \"Agreement\") with Ian Gendall, who is President of the Company and a Non-Arm's Length Party (as defined under the policies of the TSX Venture Exchange). Pursuant to the Agreement, in full satisfaction for certain exploration, supervisory and geological related services provided to the Company, the Company has agreed to issue 300,000 common shares of the Company (the \"Shares\") at a deemed price of $0.20 per Share, being equal to the closing price of the common shares of the Company on the date prior to the date of the Agreement. The total dollar value of the Shares to be issued is $60,000.The issuance of the Shares is subject to the approval of the TSX Venture Exchange. The Shares will be subject to a statutory four-month hold period in accordance with applicable securities laws.About DLP Resources Inc.DLP Resources Inc. is a mineral exploration company operating in Southeastern British Columbia and Peru, exploring for Base Metals and Cobalt. DLP is listed on the TSX-V, trading symbol DLP and on the OTCQB, trading symbol DLPRF. Please refer to our web site www.dlpresourcesinc.com for additional information.FOR FURTHER INFORMATION PLEASE CONTACT: DLP RESOURCES INC.Ian Gendall, PresidentJim Stypula, Chief Executive OfficerRobin Sudo, Chief Financial Officer and Corporate SecretaryTelephone: 250-426-7808Email: [email protected]: [email protected]: [email protected] Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Cautionary Note Regarding Forward-Looking Information This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements ...